Nobody is forced to buy in a condo with a HOA
There is a national trend to convert apartment complexes into Condo complexes. I bet this is the case here. In that instance it's hard for someone to come up with the down payment cash and sometimes it's hard to find another apartment in town that is affordable when your complex is being converted. I have a friend who went thru this recently. Luckily after months of searching she found another apt. She didn't want to pay hundreds of thousands of dollars for her crappy apartment unit.
In cases like this, with apts. typically being less soundly constructed than condos and town homes, I think there needs to be an option to opt out if you are already a resident because in this sort of case they are pretty much forced.
Nobody is forced to buy in a condo with a HOA
In cases like this, with apts. typically being less soundly constructed than condos and town homes, I think there needs to be an option to opt out if you are already a resident because in this sort of case they are pretty much forced.
So the fact that HOAs are better deals in your mind somehow equates to being "forced" to buy into one is interesting.
Your friend was renting. Not the same as owning. Do you expect her to be allowed to stay once it is converted without paying?
I don't know about conversions but the owner who owns the building can convert and shouldn't have to accommodate renters past their lease. If they don't want to buy or cannot afford to buy, well they do what renters do. They move. There is no free lunch.